With potential ETF approval, new round of institutional investment in $BTC might surge even higher, and all we see now is just the beginning
on centralized exchanges. The number of BTC held on exchanges has been on a consistent decline, hinting at a shift in investor behavior. As more people move their Bitcoin off exchanges and into private wallets, the available supply for trading decreases. This reduction in exchange liquidity is typically considered a bullish factor.
The combination of a favorable LTH MVRV reading and decreasing exchange liquidity suggests that Bitcoin could be on the verge of another rally. However, investors should bear in mind that while these indicators provide helpful insights, they do not guarantee future price movements.
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